There is a HUGE threat to pretty much all the retail sector, major parts of the health sector, and slices of a few others, such as banking and insurance. That threat is liability for data-breaches. The Street is one liberal judge away from a BAD crash, which WILL happen when one of the 77% of the Federal Courts' liberal judges decides to rule that all the phony, unconstitutional protections that companies have bribed into effect against liability for data breaches, ARE actually unconstitutional. Imagine YOU lost your identity to the hackers of Kohl's, Target or ANY company which, mostly for greed reasons, refused to use the best practices of information security. You have suffered a big loss, and if ALL your loss would be ruled compensible, you would receive somewhere in the five-figures area of compensation. Now multiply that figure by hundreds of millions, the TOTAL number of data breach victims. That adds up to doom for the entire retail sector, the health-care sector & probably the banking sector. The economy fails at that point. No one will invest in any company having had anything to do with digital records-keeping, which is pretty much everyone, isn't it?
Bottom line? The entire Bull Market Bottom Line can be removed by ONE Judge writing ONE opinion which survives thru the SCOTUS. No, I'm not going to tell you what to do if you can't invest. No, strike that, I WILL tell you, bercause that's why I blog! Buy land you can farm on. Buy guns to defend it with and buy plenty of beans and bullets for the Militia you will raise for that defense. NOW, I'm done warning you!
Comments